Every home in the country will receive a €100 credit towards electricity bills under plans due to be approved by Cabinet today.will bring a memo to Cabinet outlining plans for the electricity credit, which will cost €210 million in total.Networks to suppliers and then on to customers. It will apply to all households regardless of income.
The proposal will require new legislation which the Government is hoping to quickly progress through theOpposition parties have welcomed the plans, although they have also criticised the Government for not moving quickly enough in the face of spiralling energy costs. Rising prices of natural gas, used to generate more than half the Republic’s electricity, combined with low wind speeds and temporary power plant shutdowns drove up electricity costs in the State this year.